Netflix, Inc. (NASDAQ:NFLX) Given a $242.00 Price Target by J P Morgan Chase & Co Analysts

Netflix, Inc. (NASDAQ:NFLX) has been assigned a $242.00 target price by stock analysts at J P Morgan Chase & Co in a note issued to investors on Tuesday, October 17th. The brokerage currently has a “buy” rating on the Internet television network’s stock. J P Morgan Chase & Co’s target price points to a potential upside of 20.92% from the stock’s current price.

A number of other brokerages also recently issued reports on NFLX. Piper Jaffray Companies reissued a “buy” rating and set a $215.00 price objective on shares of Netflix in a research report on Monday, September 18th. Loop Capital boosted their price objective on shares of Netflix from $228.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $210.00 price objective on shares of Netflix in a research report on Friday, October 6th. Vetr raised shares of Netflix from a “sell” rating to a “hold” rating and set a $165.75 price objective on the stock in a research report on Thursday, August 10th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $195.00 target price on shares of Netflix in a research report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $207.20.

Netflix (NASDAQ NFLX) traded up $0.12 during trading hours on Tuesday, reaching $200.13. 4,687,380 shares of the company were exchanged, compared to its average volume of 8,330,000. Netflix has a 52 week low of $110.68 and a 52 week high of $204.38. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The company has a market cap of $86,330.00, a price-to-earnings ratio of 202.03, a P/E/G ratio of 5.91 and a beta of 1.39.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The company’s quarterly revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. research analysts predict that Netflix will post 1.27 EPS for the current fiscal year.

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In other Netflix news, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $197.38, for a total value of $138,166.00. Following the completion of the sale, the director now directly owns 7,362 shares in the company, valued at approximately $1,453,111.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard N. Barton sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $165.72, for a total value of $331,440.00. Following the completion of the sale, the director now owns 8,012 shares of the company’s stock, valued at $1,327,748.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 340,487 shares of company stock valued at $62,816,777. Corporate insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NFLX. FMR LLC grew its holdings in shares of Netflix by 12.4% during the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after purchasing an additional 2,605,731 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Netflix by 3,478.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after purchasing an additional 1,984,404 shares during the period. Jennison Associates LLC grew its holdings in shares of Netflix by 14.0% during the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after purchasing an additional 1,814,056 shares during the period. Vanguard Group Inc. grew its holdings in shares of Netflix by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 27,161,082 shares of the Internet television network’s stock worth $4,014,680,000 after purchasing an additional 921,283 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Netflix by 22,622.2% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after purchasing an additional 811,007 shares during the period. Institutional investors and hedge funds own 80.68% of the company’s stock.

Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Analyst Recommendations for Netflix (NASDAQ:NFLX)

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